Massachusetts Home Buyer Guide

The median price of a single-family home in Hingham, Massachusetts was $652,000 in May, an increase from $595,250 in May 2013, according to data compiled from the Massachusetts Association of Realtors.

Tight inventory and higher prices certainly factored into the second quarter having the fewest number of condominium sales in a couple of years in Downtown Boston, the Boston Business Journal reported July 17, 2014.  The BBJ obtained the data from the Listing Information Network, or Link, which is a Boston-based company that tracks real estate sales. 

The median price for single-family homes in Dunstable, Massachusetts increased 3.7 percent from April 2013 to to April 2014, according to data compiled by the Massachusetts Association of Realtors. 

The median single-family home price in April was $425,000, compared to $410,000 in April 2013. Single-family property prices in Dunstable, MA went up 19.1 percent over the first four months of the year relative to that same period in 2013. The median price through April was $480,000, up from $402,950 through the first four months of 2013. 

Real estate inventory of single-family homes in Andover, Massachusetts declined 18.9 percent in April 2014 compared to April 2013, according to data compiled by the Massachusetts Association of Realtors. 

In April 2014, there were 86 homes on the market, compared to 106 in April 2013. Months supply of inventory in April also declined. There was 2.8 months supply in April relative to 4.2 in April 2013, a 33 percent decline.

The median price of a single-family home in April was $492,000, up from $471,000 in April 2013. Andover, MA single-family property prices increased 27.7 percent over the first four months of the year compared to that same period in 2013. The median price through April was $574,500, up from $450,000 through the first four months of 2013.

Massachusetts single-family home sales declined for the fourth straight month on a year-over-year basis in May 2014, a 7 percent drop, The Warren Group, publisher of Banker & Tradesman, reported June 25, 2014.

In May, a total of 4,482 single-family homes were sold compared with 4,820 in May 2013. Through the first five months of the year, home sales also declined by 3.8 percent with 15,467 homes sold compared with 16,073 sold during the same period last year.

The number single-family homes sold in Lynn, Massachusetts declined 18.8 percent in April 2014 relative to April 2013, according to data compiled by the Massachusetts Association of Realtors. 

There were 26 closed homes sales in April 2014, compared to 32 in April of last year. Meanwhile, pending sales in April increased by 13.7 percent. There were 58 pending sales in April 2014 and 51 in April 2013. Through the first four months of the year, both pending and closed sales numbers were higher than during that same period in 2013. There were 175 pending sales through April 2014 compared to 147 through April 2013, an increase of 19 percent. As for closed sales, there were 120 sales through April 2014 compared to 108 during the same period in 2013, an increase of 11.1 percent. 

While the number of pending single-family home sales in April stayed steady at 31 from 2013 to 2014, the number of closed sales in Walpole, Massachusetts took a 45.8 percent dip. According to data compiled by the Massachusetts Association of Realtors, only 13 sales were closed in April 2014, compared to 24 in April 2013. 

Through the first four months of 2014, there was a 7.5 increase in pending sales relative to that same period in 2013. Meanwhile, closed sales went down from 54 to 41, a 24.1 percent decrease. 

As sales fell, median home prices rose. The median price for a single-family property in April was $420,000, up from $412,500 in April of last year. Walpole, MA single-family home prices went up 13.5 percent during the first four months of the year compared to that same period in 2013. Through April 2014, the median price of a single-family property was $440,000. Through the first four months of 2013, the median price of a single-family home was $387,500. 

While the median sales price of all properties in Wilmington, Massachusetts skyrocketed 123.4 percent from April 2013 to April 2014, the inventory of homes dropped 36.7 percent during that same period, according to data compiled by the Massachusetts Association of Realtors. 

The median price of a single-family home in April was $407,700, up from $366,000 in April 2013. Single-family property prices in Wilmington, MA increased 9.1 percent over the first four months of the year compared to the same period in April 2013. Through April 2014, the median price of a single-family home was $371,000. Through the first four months of 2013, the median price of a single-family property was $340,000.